GE Vernova CEO Confirms Ongoing Power Supply Talks with OpenAI as AI Energy Demands Surge

Power Infrastructure Talks Intensify

GE Vernova CEO Scott Strazik has reportedly engaged in multiple conversations with OpenAI CEO Sam Altman in recent weeks, according to sources familiar with the discussions. The talks have focused on addressing the substantial power generation and electrical equipment requirements necessary to support OpenAI’s ambitious growth trajectory in artificial intelligence.

Power Infrastructure Talks Intensify
AI Growth Creates Power Scarcity Challenge
Financial Performance and Market Reaction
Wall Street Maintains Optimistic Outlook

“I met with Sam multiple times over the past few weeks. It is a relationship that continues to evolve,” Strazik told CNBC in a Wednesday interview following the company‘s third-quarter results announcement. Sources indicate that the dialogue has extended beyond the executive level, with Strazik noting he’s “been with his team over the last 72 hours.”

AI Growth Creates Power Scarcity Challenge

The ongoing discussions highlight what analysts suggest is a critical bottleneck in artificial intelligence expansion: reliable and substantial power supply. As hyperscalers like OpenAI continue to develop increasingly complex AI models, their electricity demands have grown exponentially, creating both challenges and opportunities for power infrastructure providers.

According to reports, the conversations between GE Vernova and OpenAI have specifically addressed “both power generation and the electrical equipment required to do it.” This suggests comprehensive planning around the entire power delivery ecosystem needed to support next-generation AI computing requirements.

Financial Performance and Market Reaction

Despite the promising partnership discussions, GE Vernova shares fell approximately 6% on Wednesday. The decline occurred even though the company‘s third-quarter results reportedly exceeded expectations, driven by a 55% increase in power equipment orders.

Analysts suggest the stock movement reflects investor disappointment that the company didn’t raise its 2025 forecast, despite the strong quarterly performance. The report indicates that onshore wind operations remain soft, though this was largely expected due to ongoing regulatory hurdles.

Melius Research analyst Rob Wertheimer told CNBC there was “nothing negative in this report,” noting that the “bar was set high” given that GE Vernova shares have doubled over the past year.

Wall Street Maintains Optimistic Outlook

Financial analysts remain bullish on GE Vernova’s ability to capitalize on the growing power demands from major technology companies. According to LSEG data, the average analyst price target stands at $658, representing approximately 20% upside from current trading levels.

The ongoing relationship with OpenAI, combined with strong power equipment order growth, suggests that GE Vernova is positioning itself as a critical infrastructure partner in the AI revolution. As artificial intelligence systems become more sophisticated and widespread, reliable power generation and distribution will reportedly become increasingly vital constraints that could determine the pace of technological advancement.

Industry observers suggest these high-level discussions between power infrastructure leaders and AI pioneers signal a growing recognition that sustainable, scalable electricity solutions must be developed in parallel with artificial intelligence capabilities to avoid potential growth limitations.